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john harwood reporting from washington. >>> more now on the nation's banks. just today, the federal reserve spelled out new requirements for major banks to go above and beyond regulatory minimums on capital planning levels. a new fed study says most big banks have made progress since the financial crisis on plans to weather another financial shock. some of the stress tests they said run by individual firms may be inadequate. and wants executives to better identify specific risks that their banks face in market downturns. >>> on wall street, it was a milestone kind of day. but not in a good way. for the first time this year, the dow and s&p 500 fell for a fourth consecutive session. it was the first such thing since last year. both indexes have traded in nine of the last 11 trading sessions. the dow today closed at lows of the session. it fell 71 points, to 15010. nasdaq down 13 to 1389. the s&p slid to 16.46. stocks were spooked by the usual suspects, namely hand wringing over what the fed will do next and a pesky rise in interest rates. the ten-year treasury
john harwood reporting from washington. >>> more now on the nation's banks. just today, the federal reserve spelled out new requirements for major banks to go above and beyond regulatory minimums on capital planning levels. a new fed study says most big banks have made progress since the financial crisis on plans to weather another financial shock. some of the stress tests they said run by individual firms may be inadequate. and wants executives to better identify specific risks that...
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let's go to pat in washington. pat? >> caller: yes. >> go ahead, pat. >> caller: hi. >> hi. >> caller: thanks, jim, for taking my call. >> my pleasure. >> caller: i live in a little town in eastern washington on the snake river bordering idaho. we are the gateway to health canyon. and my question to you is you've always said to not have too much in one stock and i find myself having 25% of my portfolio is in costco. >> that's a tough one, pat. >> caller: i love the store, it's six miles from my house and the stock i bought very, very low and it's done very, very well. >> i know it's tough to pay the taxes. by the way, i've got to tell you i think i would have to -- 20% even as my charitable trust has a big position in costco looking to buy it at $110. let's go to bob in florida. bob? >> caller: hey, nokia, nokia. >> i'm not going to disagree with that. i've been recommending it like three and change, everyone thinks i'm a total bozo, but i think the stock can inch up to five without a problem and then we're going to ca-
let's go to pat in washington. pat? >> caller: yes. >> go ahead, pat. >> caller: hi. >> hi. >> caller: thanks, jim, for taking my call. >> my pleasure. >> caller: i live in a little town in eastern washington on the snake river bordering idaho. we are the gateway to health canyon. and my question to you is you've always said to not have too much in one stock and i find myself having 25% of my portfolio is in costco. >> that's a tough one, pat....
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michael farr was just saying it's nice and peaceful in washington. it's about to get unpeaceful, guys. >> you bet it is, john. let me follow up with your reporting from, i believe, it was friday where an administration source, correct me if i'm wrong on that, told you it was probably a two in three chance that larry summers was going to be the next nominee for fed chief? >> that's right. no news on that. got to caution, there's no precision to that estimate. that's somebody who is reading the tea leaves, talking to -- this is not someone inside the inner circle right now in making that decision and only a very few people know the president's thinking. so people draw their own conclusions, things they hear from friends, little bits of information, and we'll see whether that prediction is born out, but we expect this decision not to come this month, come pretty soon after labor day. >> john harwood, i know where you will be tonight, watching the red skin game. so will i. to dominick for a market flash. >> let's talk about what's happening here overall
michael farr was just saying it's nice and peaceful in washington. it's about to get unpeaceful, guys. >> you bet it is, john. let me follow up with your reporting from, i believe, it was friday where an administration source, correct me if i'm wrong on that, told you it was probably a two in three chance that larry summers was going to be the next nominee for fed chief? >> that's right. no news on that. got to caution, there's no precision to that estimate. that's somebody who is...
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>> i was 12, my father gave it to me for christmas in washington, d.c., and i loved it and have been a reader ever since. >> rose: and you discovered it because you were asked to do an interview. >> yes, but before that my first rejection slips as a writer were from "the paris review." and i would... i hung some of them up. >> rose: and the theory also of the magazine is that non-fiction -- i mean that the words of fiction can be, what? i mean, the sense of the creative? what's the... what's the guiding mission behind the sense of enhancing the creative? do you know what i mean? >> it can quite adventuresome both in terms of the voice, the approach, the experimental nature of something, it can be long. it can accommodate a lot of extreme fiction that may not appear anywhere else. >> rose: if you wrote about sex the way jim writes about sex in the story we that we published "sex and marriage," or if you wrote about parents and children the way mona's written for us, in non-fiction you would billion a sociopath. because you'd be spilling the beans on someone very close to you, starting
>> i was 12, my father gave it to me for christmas in washington, d.c., and i loved it and have been a reader ever since. >> rose: and you discovered it because you were asked to do an interview. >> yes, but before that my first rejection slips as a writer were from "the paris review." and i would... i hung some of them up. >> rose: and the theory also of the magazine is that non-fiction -- i mean that the words of fiction can be, what? i mean, the sense of the...
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on a criminal level into issues that were settled i believe last month on a civil level with firk in washington over jpmorgan's alleged manipulation in the electricity market in a couple of regions, one dealing with california and the other with the midwest. in the settlement order which came to a settlement of $410 million which was the largest enforcement action for them they highlighted about a dozen strategies in which they allege that jpmorgan sought to manipulate markets and get preferable prices for their entities. more details are yet to come. >> kate kelly, thank you for bringing us both of those stories. we appreciate it. still ahead, will the board room brawl at jcpenney impact the retailer's bottom line. we'll head to the options pit next. ters to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ ♪ [ a
on a criminal level into issues that were settled i believe last month on a civil level with firk in washington over jpmorgan's alleged manipulation in the electricity market in a couple of regions, one dealing with california and the other with the midwest. in the settlement order which came to a settlement of $410 million which was the largest enforcement action for them they highlighted about a dozen strategies in which they allege that jpmorgan sought to manipulate markets and get...
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. >>> kyle reports from our washington, d.c. newsroom several are calling to call off that aid. >> john mccain says what happens in the middle east will directly impact the national security interests of the u.s. senators mccain and graham met with leaders from opposing parties. both snores say the obama administration needs to cut off aid to egypt. they believe they're using unnecessarily using violence on protestors. the us can find a better solution. they can decide by the end of this week whether or not to cut off their aid package following the deadly clashes combined the european union gives $7 billion a year to egypt. i'm scheduled to hear more of a report from the pentagon. stay tuned. >>> mark zuckerberg had a security beach in his company. he a hacker proved that he could post on his wall without being a friend. he told the company and he was ignored so he took it right to the top. facebook says it has been fixed. >>> a british law maker said why was he contained it -- contained at the airport. green walled called the
. >>> kyle reports from our washington, d.c. newsroom several are calling to call off that aid. >> john mccain says what happens in the middle east will directly impact the national security interests of the u.s. senators mccain and graham met with leaders from opposing parties. both snores say the obama administration needs to cut off aid to egypt. they believe they're using unnecessarily using violence on protestors. the us can find a better solution. they can decide by the end...
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to washington. "the lead" with jake tapper starts now. >>> imagine a fire the size of denver. that's how big the beaver creek wildfire is right now. i'm jake tapper and this is "the lead." the national lead began with a bolt of lightning. 12 days later, 1,000 acres in idaho are toast. that's only one are nine fires in the state threatening thousands of homes. the world lead. his was a pinnacle of the arab spring movement. many waited so long to see hosni mubarak in prison. >> and a football star with a scholarship on the horizon but he went in to make a tackle and never got up again. we'll talk about his coach and ask what went so terribly wrong? i'm jake tapper. welcome to "the lead." we'll begin with the national lead. you might think volcanos are erupting over the horizon. this is not the pacific room. this is smack dab in the middle of idaho. right now nine wildfires are burning across the state. this is the biggest one, the beaver creek fire, 1,000 acres and growing. 2,200 homes are under a mandatory evacuation. sun valley is a ski area, some homes owned by actors. beth l
to washington. "the lead" with jake tapper starts now. >>> imagine a fire the size of denver. that's how big the beaver creek wildfire is right now. i'm jake tapper and this is "the lead." the national lead began with a bolt of lightning. 12 days later, 1,000 acres in idaho are toast. that's only one are nine fires in the state threatening thousands of homes. the world lead. his was a pinnacle of the arab spring movement. many waited so long to see hosni mubarak in...
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peter barnes, man in washington, d.c. with the latest. peter? >> ashley and liz, the president in his first day back from his vacation meeting with all major financial regulators at the white house including federal reserve chairman ben bernanke. here are six of the eight and on his way out, gary gensler, the chairman of the c ftc, we asked him how it went, he said, good meeting about financial regulation. that was it. we didn't get any comments from any of these folks. this is the fifth anniversary of the financial crisis this september. this past july was the third anniversary of dodd-frank financial reform. part of the meeting was about this, 398 required rule-makings under dodd-frank. 15 have been met with finalized rules but regulators have another 113 where rules have just been proposed and 127 where no rule making has been proposed. they are behind on all of this. and then, as to whether larry summers, the president's former economic advisor or janet yellen, current vice-chair of the fed will get the top job? well it looks like it is summ
peter barnes, man in washington, d.c. with the latest. peter? >> ashley and liz, the president in his first day back from his vacation meeting with all major financial regulators at the white house including federal reserve chairman ben bernanke. here are six of the eight and on his way out, gary gensler, the chairman of the c ftc, we asked him how it went, he said, good meeting about financial regulation. that was it. we didn't get any comments from any of these folks. this is the fifth...
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why the area from washington state to arizona is in for a small ride. that is next. the local you know throughout history, folks have suffered from frequent heartburn. but getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] one pill each morning. always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects c
why the area from washington state to arizona is in for a small ride. that is next. the local you know throughout history, folks have suffered from frequent heartburn. but getting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] one pill each morning. always go the extra mile. to treat my low testosterone, i did my...
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the "washington post" reports was based on nsa compliance reports. the fact that this could be written in the first place is evident there our oversight ongoing at the nsa. these are compliance problem's that were identified and tabulated by the nsa to congress in the appropriate fashion. they are compliance issues that -- where action was taken to rectify them. what this illustrates is that there is in place at the nsa a very strict oversight regime. was asked about the king was askedt about the reports. he said there is not he said, if it works, and you have 99.9% compliant errors, and this comes from an internal report -- he went on to say it was all available. there is nothing there that bothers me. that shows me that the system works.
the "washington post" reports was based on nsa compliance reports. the fact that this could be written in the first place is evident there our oversight ongoing at the nsa. these are compliance problem's that were identified and tabulated by the nsa to congress in the appropriate fashion. they are compliance issues that -- where action was taken to rectify them. what this illustrates is that there is in place at the nsa a very strict oversight regime. was asked about the king was...
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"the washington post" pays to republish that piece in "the washington post." so we'll see how long that lasts. >> jennifer rubin started following me yesterday. >> really? >> that was my moment of -- she's phenomenal. to be down there in that cesspool in the beltway working at that place and to be able to say -- anyway. we have to get on. >> we continue to follow the latest in egypt. days of bloody protest have left hundreds dead. the head of the egyptian army vowing further violence will not be tolerated. a strange statement since they seem to be committing a lot of it. the muslim brotherhood is calling for more protests. yousuf gamal el-din joins us with the latest. >> reporter: it's been another tough morning. more violence this time in the sinai peninsula. an attack near the border town of rafah, which is about 140 miles east of the northern terminal of the suez canal. nbc news understands from a security source that two mini buses with 28 police conscripts was ambushed. they were asked to step down. and with machine guns, 25 of them were killed. three of
"the washington post" pays to republish that piece in "the washington post." so we'll see how long that lasts. >> jennifer rubin started following me yesterday. >> really? >> that was my moment of -- she's phenomenal. to be down there in that cesspool in the beltway working at that place and to be able to say -- anyway. we have to get on. >> we continue to follow the latest in egypt. days of bloody protest have left hundreds dead. the head of the...
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kyla campbell reports from our washington, d.c. newsroom. senator mccain is leading the charge. >> reporter: he's said what's happening right now in egypt in the middle east will have a direct impact on the national security interests of the u.s. mccain is now against giving $1..5 billion a year to egypt. almost all of the money goes to the egyptian military. mccain said the military helped overthrow the president and is using deadly force on protesters, many of them unarmed. president obama is calling for the country to lift its state of emergency and the state of the reconciliation process. he also called off next month's joint military exercises with egypt. but senator mccain said that's not enough. >> economic assistance, business, the imf loan. there are many areas where we could exercise influence over the generals and we're not doing any of it. >> reporter: also, the european union has scheduled an emergency meeting for wednesday. the 28-member nations are considering cutting off their aid to egypt. it totals nearly $7 billion a year.
kyla campbell reports from our washington, d.c. newsroom. senator mccain is leading the charge. >> reporter: he's said what's happening right now in egypt in the middle east will have a direct impact on the national security interests of the u.s. mccain is now against giving $1..5 billion a year to egypt. almost all of the money goes to the egyptian military. mccain said the military helped overthrow the president and is using deadly force on protesters, many of them unarmed. president...
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. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has the
. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well....
SFGTV2: San Francisco Government Television
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from areas such as the marina green to washington square park to sunset playground, all a moe square, civic center, bernal heights to right here in balboa park, this project is going to touch parks and plazas across all of san francisco in every corner of our city. san francisco has been a leader in our technology community and our technology economy across our country and now we get to continue to play a role in being a leader bringing technology solutions to improve the lives of our residents here in our city. it's been a privilege to work on this project and to lead this effort the last two years and look forward to bringing the broader vision of free wi-fi across san francisco in the next few years with all the partners behind me today. this has been a strong collaboration on behalf of a lot of partners. in particular, google, sf city, our recreation and park department as well as our department of technology, and i want to thank all of those involved. this project started a little over two years ago with a conversation i had with an old family friend from google. and i want to ta
from areas such as the marina green to washington square park to sunset playground, all a moe square, civic center, bernal heights to right here in balboa park, this project is going to touch parks and plazas across all of san francisco in every corner of our city. san francisco has been a leader in our technology community and our technology economy across our country and now we get to continue to play a role in being a leader bringing technology solutions to improve the lives of our residents...